|By Business Wire||
|May 7, 2014 02:00 PM EDT||
QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise software and services, today at Explore 2014 in New Orleans shared several QAD customer videos describing their respective journeys to become an Effective Enterprise.
The customers featured in the videos are Sharp Packaging Solutions, Kendra Scott Design Inc., Lear Corporation and Nexteer Automotive.
The customers come from different industries but share a common goal: passionately pursuing excellence in manufacturing by leveraging QAD solutions.
- Sharp demonstrated its use of QAD serialization to provide track and trace capabilities of pharmaceutical products throughout the global supply chain. Watch the Sharp video.
- Using QAD, Kendra Scott can rapidly respond to dynamic sales trends by quickly manufacturing and shipping desired merchandise. Watch the Kendra Scott video.
- Coupled with QAD solutions, Lear is standardizing its lean manufacturing model in many of its geographically dispersed facilities. Watch the Lear video.
- Nexteer is using QAD to manufacture and deliver industry-leading, steering and driveline automotive systems. Watch the Nexteer video.
Each of these companies knows that an efficient, comprehensive and robust ERP system is critical to their success.
“Our customers’ success is what we proudly celebrate today at Explore 2014,” said Pam Lopker, president and founder, QAD. “We partner with our community of QAD users to elevate their business processes to become Effective Enterprises and serve their customers in the most efficient, least wasteful way possible. They are leading the way in the extremely competitive field of global manufacturing.”
About QAD – The Effective Enterprise
QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB) is a leading provider of enterprise software and services designed for global manufacturing companies. For more than 30 years, QAD has provided global manufacturing companies with QAD Enterprise Applications, an enterprise resource planning (ERP) system that supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management. QAD Enterprise Applications is offered in flexible deployment models as on-premise software, in the cloud with QAD Cloud ERP or in a blended environment. With QAD, customers and partners in the automotive, consumer products, food and beverage, high technology, industrial products and life sciences industries can better align daily operations with their strategic goals to meet their vision of becoming more Effective Enterprises.
For more information about QAD, call +1 805-566-6000, visit www.qad.com.
“QAD” is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners.
Note to Investors: This press release contains certain forward-looking statements made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expects,” “believes,” “anticipates,” “could,” “will likely result,” “estimates,” “intends,” “may,” “projects,” “should,” “would,” “might,” “plan” and variations of these words and similar expressions are intended to identify these forward looking statements. Forward-looking statements are based on the company’s current expectations and assumptions regarding its business, the economy and future conditions. A number of risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements. These risks include, but are not limited to, evolving demand for the company's software products and products that operate with the company's products; the company's ability to sustain license and service demand; the company's ability to leverage changes in technology; the company's ability to sustain customer renewal rates at current levels; the publication of opinions by industry and financial analysts about the company, its products and technology; the reliability of estimates of transaction and integration costs and benefits; the entry of new competitors or new offerings by existing competitors and the associated announcement of new products and technological advances by them; delays in localizing the company's products for new or existing markets; the ability to recruit and retain key personnel; delays in sales as a result of lengthy sales cycles; changes in operating expenses, pricing, timing of new product releases, the method of product distribution or product mix; timely and effective integration of newly acquired businesses; general economic conditions; exchange rate fluctuations; and, the global political environment. In addition, revenue and earnings in the enterprise resource planning (ERP) software industry are subject to fluctuations. Software license revenue, in particular, is subject to variability with a significant proportion of revenue earned in the last month of each quarter. Given the high margins associated with license revenue, modest fluctuations can have a substantial impact on net income. Investors should not use any one quarter's results as a benchmark for future performance. For a more detailed description of the risk factors associated with the company and the industries in which it operates, please refer to the company's Annual Report on Form 10-K for its fiscal year ended January 31, 2014, and in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission.
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